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Newspaper
Tucson Daily Citizen
Location
Tucson, Arizona, United States of America
Date
Aug 30, 1941
Page
6
Gross valuations of real estate and improvements in Pima County rose to 16 758 030 dollars from 11 787 775 the prior year driven by Tucson area growth. Merchandise stocks rose to 2 339 845 dollars from 2 287 155 while ranch and land improvements climbed to 2 796 870 dollars from 1 595 840 as permits hover near normal amid uncertain future prospects.
Anaconda Copper Mining and subsidiaries announce net earnings of 22.844 million dollars for the first half of 1941, equal to 2.63 dollars per share, up from 17.55 million dollars and 2.02 per share in 1940. The report notes undistributed earnings in subsidiaries total 705,539 dollars and a 17.265 million dollar tax provision, including 6.9 million for excess profits taxes.
Treasury defense outlays topped 1.001 billion dollars from August 1 to 27, the first such month since World War II. Expenditures rose about 72 million from July and were roughly five times those of August last year as the defense program accelerated.
Police report a thief broke into a Waterbury filling station and used a pump key to fill a tank, leaving a small cash drawer untouched.
The piece notes four design trends shaping furniture in a defense constrained market. Functional modern lines reduce carving with paldao finishes, two purpose furniture, modular sectioned sofas, and correlated groupings by manufacturers to harmonize home ensembles across periods from 18th century to modern.
Architects and builders develop built in lighting to supplement lamps, using recessed panels over doors that glow without lamps. Subtle color effects come from bulb tints, highlighting glass curtains and creating warm sunlight hues in alcoves while ceiling spots illuminate art and shelves.
The article notes a surge of patriotism shaping furniture design with Early American Federal and Colonial styles. Lighter pieces, red and blue schemes, and American designer works gain prominence, including curio cabinets and a Chinese Chippendale hanging shelf. Predictions include airliner style easy chairs and possible home ventilation features.
The Interstate Commerce Commission authorized the Southern Pacific Company to issue 20,000,000 dollars in serial secured promissory notes. Proceeds will repay bank loans and 7,000,000 dollars owed to the Reconstruction Finance Corporation, delivering substantial interest savings. Notes bear 2 to 3 percent interest.
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